Senior Officer, Securitization Programs

Job Requisition ID: 12651

Position Status: Permanent Full Time

Position Type: Hybrid

Office Location: Toronto (ON); Calgary (AB); Montreal (QC); Ottawa (ON)

Travel Requirement: Limited

Language Designation: English Essential

Language Skill Levels (Read/Write/Speak): ZZZ

Security Requirement: Reliability Status

Salary: Our salaries generally range from $ 73555.31 to $ 91944.14 and are based on qualifications and experience.

About CMHC

The work you do and the work we do together matters. We come to work every day with a common purpose: to contribute to a well-functioning housing system.

At CMHC, we hold ourselves accountable for our results and support our colleagues in their achievements. We thrive on collaboration, connecting across CMHC and involving the right people to get our work done. Our leadership style is guided by trust, where our leaders favour an adaptive approach based on the needs of their teams.

Join us and be part of a team that's committed to making a real difference and be part of something meaningful.

Our commitment to diversity, equity, and inclusion

We're committed to advancing employment equity and fostering an inclusive workplace. To reflect the diversity of Canada’s population, we encourage applications from women, Indigenous Peoples, persons with disabilities, 2SLGBTQI+ individuals, veterans, and racialized peoples. We also welcome applications from all individuals eligible to work in Canada.

We are also committed to advancing reconciliation with Indigenous Peoples and supporting the meaningful inclusion of First Nations, Inuit, and Métis voices and priorities. While this position is hybrid requiring some in-office presence, a work from home arrangement may be considered for First Nations candidates on reserve or Indigenous candidates that reside further than 125KM from a CMHC office.

Learn more about our commitment to diversity and inclusion

What’s in it for you

We’ve got the purpose, the people and the perks you need for a fulfilling career. Here’s the comprehensive and generous benefits you get when you’re a permanent employee:

• Annual Paid vacation.
• Annual individual performance incentive.
• Defined benefit pension plan.
• Comprehensive group insurance plan to support your well-being from day one.
• Support towards your personal and professional growth with training, mentorship and more.
• While positions at CMHC require some in-office presence, alternative work arrangements may be considered for Indigenous candidates.

About the role

Join the Securitization Operations team, in the Senior Officer, Securitization Programs position. In this role, you will oversee the efficient operation of the National Housing Act Mortgage-Backed Securities (NHA MBS) pooling process and the administration of all outstanding securitization pools for the portfolio of Issuers and ensure that securitization programs are administered in a manner consistent with government regulations and program policies. You will monitor pools and activities to ensure that administration practices comply with program guidelines.

We currently have 2 positions available for this role.

What you'll do:

• Approve requests from issuers to issue NHA MBS in accordance with policies, guidelines and delegated authorities.
• Ensure all requirements are met with respect to mortgage eligibility and pool criteria; ensure all documentation has been received by CMHC and/or external service provider(s), as applicable.
• Review Issuer monthly accounting reports for accuracy and compliance with program guidelines, taking actions as and where appropriate.
• Analyze and resolve more complex cases of mortgage ineligibility, make recommendations and negotiate with both internal and external clients to determine if any action can be taken to support the inclusion of the loan in the MBS pool.
• Ensure Issuer compliance with the annual documentation submission requirements and guidelines of NHA MBS Program.
• Provide expert advice, guidance and clarifications on policy and procedural guidance to Approved Issuers and Service providers.
• Provide onboarding support for new Issuers.
• Suggest improvements to NHA MBS systems and processes.

What you should have:

• An undergraduate degree in business administration, economics, finance or a related field.
• A minimum of three years of related work experience in securitization and pool monitoring. An equivalent combination of related education and experience will be considered.
• A very good understanding of financial instruments and processes, particularly mortgages and mortgage loan underwriting.
• A thorough understanding of CMHC's securitization programs and associated processes.
• Excellent organizational and time management skills.

It would be great if you also had:

• A professional license, accounting designation (e.g CPA or CFA) or certificate in a related field.

Posting closing date: Note, the competition will remain active until filled.

What happens after you apply

We know that applying for a new job can be both exciting and daunting, and we appreciate your effort. Learn more about our hiring process. If you are selected for an interview or testing, please advise us if you require an accommodation.

If you applied before and you were not successful don’t worry – we're always posting new positions, so don’t hesitate to give it another shot. We’re excited to see what you bring to the table this time around!